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Following HM Treasury approval, on 27 July 2022 the UK Government updated guidance for estate and letting agent businesses supervised for anti-money laundering. Designed to help agents comply with the Money Laundering Regulations 2017, it covers customer due diligence, record keeping and reporting suspicious activity.
The Act amends the Private Tenancies (Northern Ireland) Order 2006. It introduces changes to notice to quit periods, property standards, deposits and rent regulation.
National Trading Standards Estate and Lettings Agent Team (NTSELAT) has today, 12 July 2022, released 19 pages of guidance around Part A of Material Information required for residential property, sales and lettings listings.
The UK Government has proposed some key changes to the PRS, outlined in the Fairer Renting White paper with pet ownership to become more accessible for tenants. With just 7 per cent of properties stating they are ‘pet friendly’, there are ways to reduce the likelihood of deposit disputes.